NOURIEL ROUBINI BLOG tracks the media appearances of Dr Nouriel Roubini his interviews articles debates books news speeches conferences blogs etc..Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Friday, April 21, 2017

This myth
shattering book reveals the methods Nouriel Roubini used to foretell
the current crisis before other economists saw it coming and shows how
those methods can help us make sense of the present and prepare for the
future.

Renowned economist Nouriel Roubini electrified his
profession and the larger financial community by predicting the current
crisis well in advance of anyone else. Unlike most in his profession who
treat economic disasters as freakish once-in-a-lifetime events without
clear cause, Roubini, after decades of careful research around the
world, realized that they were both probable and predictable. Armed with
an unconventional blend of historical analysis and global economics,
Roubini has forced politicians, policy makers, investors, and market
watchers to face a long-neglected truth: financial systems are
inherently fragile and prone to collapse.

Drawing on the
parallels from many countries and centuries, Nouriel Roubini and Stephen
Mihm, a professor of economic history and a New York Times Magazine
writer, show that financial cataclysms are as old and as ubiquitous as
capitalism itself. The last two decades alone have witnessed comparable
crises in countries as diverse as Mexico, Thailand, Brazil, Pakistan,
and Argentina. All of these crises-not to mention the more sweeping
cataclysms such as the Great Depression-have much in common with the
current downturn. Bringing lessons of earlier episodes to bear on our
present predicament, Roubini and Mihm show how we can recognize and
grapple with the inherent instability of the global financial system,
understand its pressure points, learn from previous episodes of
'irrational exuberance,' pinpoint the course of global contagion, and
plan for our immediate future. Perhaps most important, the
authors-considering theories, statistics, and mathematical models with
the skepticism that recent history warrants-explain how the world's
economy can get out of the mess we're in, and stay out.

In
Roubini's shadow, economists and investors are increasingly realizing
that they can no longer afford to consider crises the black swans of
financial history. A vital and timeless book, Crisis Economics proves
calamities to be not only predictable but also preventable and, with the
right medicine, curable.

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Nouriel Roubini was born on March 29, 1959 in Istanbul, Turkey. He is an actor, known for Inside Job (2010), America Foreclosed (2015) and ...

Nouriel Roubini, (born March 29, 1958, Istanbul, Turkey), Turkish-born American economist and educator who was best known for predicting the 2007–08 subprime mortgage crisis in the United States and the subsequent global financial crisis.

Born to Iranian Jewish parents, Roubini moved with his family to Iran and Israel before they settled in Italy in 1962. After a year at Hebrew University of Jerusalem, he studied economics at Bocconi University in Milan (B.A., 1982) and Harvard University (Ph.D., 1988), where he specialized in macroeconomics and international economics. He joined the economics faculty at Yale University in 1988 and taught there until 1995, when he moved to New York University. He also served as a visiting scholar to the International Monetary Fund (IMF), was a research associate with the National Bureau of Economic Research (NBER), held single-year terms on the White House Council of Economic Advisers (1998–99) and at the U.S. Department of the Treasury (1999–2000), and cofounded (2004) the consulting firm Roubini Global Economics. Roubini spent much of his early career studying countries that experienced extreme economic failures, such as Mexico (in 1994), Thailand and other countries associated with the 1997 Asian financial crisis, Russia (1998), and Argentina (2000). He determined that each shared one common element: a massive current account deficit.(www.britannica.com)

Roubini Quote : "The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown. "

Nouriel Roubini is the Chairman and CEO of Roubini Macro Associates, LLC, his own global macroeconomic consultancy firm. He is also a professor of economics at New York University’s Stern School of Business. Dr. Roubini has extensive policy experience as well as broad academic credentials. From 1998 to 2000, he served as the senior economist for international affairs on the White House Council of Economic Advisors and then the senior advisor to the undersecretary for international affairs at the U.S. Treasury Department, helping to resolve the Asian and global financial crises, among other issues. The International Monetary Fund, the World Bank and numerous other prominent public and private institutions have drawn upon his consulting expertise.

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